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TMI BlogExemption in relation to Renting of Immovable Property [ Entry No. 12 and 12A of CGST]X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 - For the purpose of exemption under this entry, this entry shall cover services by way of renting of residential dwelling to a registered person where, (i) the registered person is proprietor of a proprietorship concern and rents the residential dwelling in his personal capacity for use as his own residence; and (ii) such renting is on his own account and not that of the proprietorship concern ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t), Mumbai v. M/S Dilip Kumar and Company Ors. . [ For more details refer this link ] The hostel accommodation services provided by the Applicant would be eligible for exemption under Serial Number 12 of Notification 12/2017-CT (Rate) dated 28th June 2017, but it is addressed in the case of M/S. Maharashtra Jain Education Society - 2024 (8) TMI 294 Maharashtra . For re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts during vacation period would be eligible for exemption under Serial Number 12 of Notification 12/2017-CT (Rate) dated 28th June 2017? Answer: - Affirmative. Leasing out residential premises as hostel to students and working professionals is covered under Entry 13 of Notification No.9/2017-IGST(Rate) dated 28.09.2017 namely 'Services by way of renting of residential dwelling for use as resid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quests have also been received for GST exemption on hostels for poor and middle-class students run by charitable trusts. 9.2 The matter was placed before the GST Council in its 53rd meeting held on 22nd June, 2024 and the GST Council recommended to exempt the supply of accommodation services having value of supply less than or equal to twenty thousand rupees per person per month provided that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es per person per month and the said accommodation service was supplied for a minimum continuous period of ninety days. 2. Categories of services on which tax will be payable under reverse charge mechanism (RCM) w.e.f. 10.10.2024 vide Notification No. 09/2024- Central Tax (Rate) Dated 08.10.2024 Entry No. Type of Services From To 5AB Service by way of renting of any immovable property other than r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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